50634, Gilbertville, IA

Gilbertville, IA 50634 is located in the northwest corner of Polk County and has a population of 1,811 as of the 2010 census. The median household income was $53,912 in 2010 and the median home value was $122,000. Home equity and home prices have been on the rise in Gilbertville over the past several years. In 2008, there were only 116 homes with a value over $200,000; by 2012 that number had increased to 259 homes. In 2013 there were 346 homes with a value over $200,000. Gilbertville's current home equity market is healthy and stable; however it is important to keep in mind that this market can change quickly depending on interest rates and other economic factors.

Gilbertville's economy is based largely on agriculture and manufacturing; however these industries have been struggling recently due to global economic conditions. Despite this challenge, Gilbertville's economy has remained relatively stable thanks to strong job growth within the area as well as an influx of new residents who are purchasing homes here. This stability has helped to support Gilbertville's high home values which continue to increase year after year.

The majority of Gilbertville residents (81%) own their homes outright while only 9% are mortgage holders. There are also a significant number of renters (19%) who reside in Gilbertville; however this number is decreasing each year due to increasing home values and limited availability of affordable housing options within the community. It should be noted that while homeownership rates are high in Gilbertville, it may not be ideal for everyone who wants or needs access to a mortgage loan since most mortgages require at least some level of down payment (usually 20%).